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Sony Corp has finally given the world an update on Project Morpheus, the virtual reality headset it has been working on for quite a few years now. The PlayStation maker showed off a new prototype of the device yesterday at the Game Developers Conference in San Francisco.
Though the headset won’t be available to consumers until 2016, the president of worldwide studios for Sony computer entertainment, Shuhei Yoshida, said the device is close to the "final consumer product."

Sony took the stage at the Game Developers Conference (GDC) Tuesday evening to show off the latest version of its virtual reality headset for the PlayStation 4, codenamed “Project Morpheus,” and share more details about its launch.

Facebook Inc’s (FB) Oculus team has partnered with Samsung Electronics Limited (SSNLF) to launch the latest gadget in the Virtual Reality (VR) space. At the IFA 2014 today, Samsung announced the Gear VR, a virtual reality headset with a removable front cover.

A key figure in the gaming industry, Valve, has partnered with HTC to introduce another virtual reality headset to the market. At the Mobile World Congress on Sunday, HTC revealed that the HTC Vive, as the device would be called, will hit the market by the end of this year.

Sony is giving gamers another reason to pick the PS4 over the Xbox One. The company just announced a virtual reality headset for the next-gen console at this year's annual Game Developers Conference in San Francisco. Called Project Morpheus, the black and white headpiece looks way slicker than the Oculus Rift virtual headset we've tried out in the past.